Computer Point Ltd. Company History and Annual Growth Details

YEAR EVENTS1984 - The company was incorporated on 14th September, and the certificate of commencement of business was obtained on 23rd November. It was promoted by N.M. Javeri (former finance director of Burrough's Welcome India, Ltd.) and P.L. Ahuja (formerly an executive with Blue Star, Ltd.). The company is a one stop supplier for all items required by the computer industry. The main object of the company is to manufacture dealing in computer and their hardware and software.

- The company undertook to set up computer retail stores all over India and to set up a software development unit to develop software for the Indian and Export Market. The first retail store was opened in Mumbai on 31st December.

1985 - New retail stores were opened in major cities of Bangalore and Chennai. The Company also started offering computer education services under the name of 'CHIP CLUB'.

1986 - 5,000 shares taken up by promoters, directors, etc. 9,95,000 shares then issued at par out of which 3,95,000 shares were reserved and allotted to directors and employees of the company, friends and business associates. The balance 6,00,000 shares were offered for public subscription during December 1985 (All were taken up).

1989 - State-of-the-art Modi Olivetti personal computers were launched and the Company also re-launched spectrum home computers and their own patented brand of Flamingo consumables through their retail shops. Identifying computer training and franchising as a thrust area, the Company planned to appoint another 30 franchisees among them being local ares networking under the brand name 'ACE' and various office automation products.

1991 - The Company had signed agreements with Venture Software Inc. U.K. and Logitech, Switzerland for the state-of-the-art products, viz., Venture Desk Top Publishing Software and Mouse Computer Peripheral respectively to be published/repacked by the Company for on-ward distribution in SAARC countries.

- In November, the Company issued 20,00,000 No. of equity shares of Rs. 10 each as rights at par in proportion 1:1. All were taken up.

- Another 1,00,000 No. of equity shares of Rs. 10 each were offered to the employees. Only 1300 shares taken up.